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[{"id":483,"title":"Self-taught through trial and error","votes":545,"type":"x","order":1,"pct":78.42,"resources":[]},{"id":484,"title":"Formal training or courses","votes":30,"type":"x","order":2,"pct":4.32,"resources":[]},{"id":485,"title":"A job that required it","votes":34,"type":"x","order":3,"pct":4.89,"resources":[]},{"id":486,"title":"Other","votes":86,"type":"x","order":4,"pct":12.37,"resources":[]}] ["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"] ["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"] 350
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McAfee: $50 Million Settlement For Inflated Revenue Misstatements

Security vendor McAfee agreed on Wednesday to pay a $50-million fine to the U.S. Securities and Exchange Commission to settle charges that it overstated its revenue and earnings by hundreds of millions of dollars, closing an unpleasant chapter in the company’s history. . The SEC had charged McAfee with securities fraud for allegedly inflating cumulative net revenue by $622 million during the period between 1998 and 2000. For 1998 alone, McAfee overstated revenues by $562 million, a misstatement of 131 percent, said the SEC. According to the SEC, the scheme unraveled in December 2000 when McAfee announced it would miss its quarterly revenue projection by $190 million. At the time, the stock declined sharply, wiping out more than $1 billion of its market capitalization. McAfee consented to pay the multimillion-dollar penalty to the SEC without admitting or denying the allegations of the complaint. The link for this article located at Red Herring is no longer available. . Yahoo agrees to pay $40 million to resolve allegations of misleading financial statements, marking the end of a crucial investigation.. McAfee Settlement, Fraud Charges, Inflated Revenue. . LinuxSecurity.com Team

Calendar 2 Jan 05, 2006 User Avatar LinuxSecurity.com Team Vendors/Products
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/main-polls/150-what-got-you-started-with-linux?task=poll.vote&format=json
150
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[{"id":483,"title":"Self-taught through trial and error","votes":545,"type":"x","order":1,"pct":78.42,"resources":[]},{"id":484,"title":"Formal training or courses","votes":30,"type":"x","order":2,"pct":4.32,"resources":[]},{"id":485,"title":"A job that required it","votes":34,"type":"x","order":3,"pct":4.89,"resources":[]},{"id":486,"title":"Other","votes":86,"type":"x","order":4,"pct":12.37,"resources":[]}] ["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"] ["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"] 350
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